Prince2 is a project management methodology for the organization, management and control of projects. It comprises eight high level PROCESSES. These are:
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Directing a project
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Planning
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Starting up a project
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Initiating a project
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Controlling a stage
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Managing product delivery
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Managing stage boundaries
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Closing a project
These are denoted by acronyms, specifically: DP, PL, SU, IP, CS, MP, SB, CP.
Embracing these, a Prince2 project usually comprises four PHASES: